Zuora Inc (NYSE:ZUO) Expected to Post Quarterly Sales of $72.81 Million

Equities research analysts expect Zuora Inc (NYSE:ZUO) to report sales of $72.81 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Zuora’s earnings. The lowest sales estimate is $72.60 million and the highest is $73.01 million. Zuora posted sales of $69.73 million during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The company is expected to issue its next quarterly earnings report on Wednesday, August 26th.

On average, analysts expect that Zuora will report full-year sales of $295.08 million for the current year, with estimates ranging from $291.60 million to $299.00 million. For the next financial year, analysts anticipate that the firm will post sales of $332.87 million, with estimates ranging from $319.80 million to $343.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Zuora.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, June 3rd. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $73.90 million during the quarter, compared to analyst estimates of $70.65 million. Zuora had a negative return on equity of 48.78% and a negative net margin of 28.09%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share.

ZUO has been the subject of several research analyst reports. Goldman Sachs Group upped their price target on Zuora from $10.00 to $11.00 in a research note on Monday. Northland Securities initiated coverage on Zuora in a research note on Tuesday, June 16th. They set a “market perform” rating and a $14.50 price target for the company. Needham & Company LLC initiated coverage on Zuora in a research note on Thursday, June 4th. They set a “hold” rating for the company. Morgan Stanley upped their price target on Zuora from $8.50 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group upped their price target on Zuora from $11.00 to $15.00 in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.38.

Zuora stock traded down $0.43 during trading on Monday, hitting $12.54. The company’s stock had a trading volume of 1,690,078 shares, compared to its average volume of 1,744,222. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -17.66 and a beta of 2.19. The stock’s fifty day moving average is $12.19 and its 200 day moving average is $12.43. Zuora has a 1-year low of $6.21 and a 1-year high of $16.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.59 and a current ratio of 1.59.

Several hedge funds have recently bought and sold shares of ZUO. Malaga Cove Capital LLC boosted its holdings in Zuora by 5.6% in the first quarter. Malaga Cove Capital LLC now owns 21,528 shares of the company’s stock valued at $175,000 after purchasing an additional 1,151 shares during the last quarter. Eaton Vance Management boosted its holdings in Zuora by 4.6% in the fourth quarter. Eaton Vance Management now owns 26,155 shares of the company’s stock valued at $375,000 after purchasing an additional 1,155 shares during the last quarter. Rhumbline Advisers boosted its holdings in Zuora by 1.3% in the first quarter. Rhumbline Advisers now owns 111,605 shares of the company’s stock valued at $898,000 after purchasing an additional 1,403 shares during the last quarter. Amalgamated Bank boosted its holdings in Zuora by 10.8% in the fourth quarter. Amalgamated Bank now owns 16,880 shares of the company’s stock valued at $242,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC boosted its holdings in Zuora by 1.5% in the first quarter. Taylor Frigon Capital Management LLC now owns 142,078 shares of the company’s stock valued at $1,144,000 after purchasing an additional 2,045 shares during the last quarter. Institutional investors and hedge funds own 49.30% of the company’s stock.

About Zuora

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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Earnings History and Estimates for Zuora (NYSE:ZUO)

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